1 Stock Down 15% This Year to Buy and Hold Forever
The past three years have been a roller coaster for Abbott Laboratories (NYSE: ABT). The healthcare giant dealt with a slowdown in its medical device business caused by the pandemic, fluctuating sales of its coronavirus diagnostic tests, and a recall of some of its baby formula products. Abbott's financial results haven't been consistent, partly explaining why it has lagged the market this year.
However, there remain excellent reasons to buy shares of the company. Let's consider why Abbott Labs is an outstanding "forever" stock.
Source Fool.com
Abbott Laboratories Stock
€97.07
-0.640%
With 19 Buy predictions and not the single Sell prediction the community is currently very high on Abbott Laboratories.
As a result the target price of 116 € shows a slightly positive potential of 19.5% compared to the current price of 97.07 € for Abbott Laboratories.
